Construction Starts on America’s Largest Offshore Wind Manufacturing Hub

URLhttps://www.offshorewind.biz/2021/04/20/constructi
SourceOffshore Wind Biz.com
Date Published04/20/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ocean Wind
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):250
Country(ies) from which reshored:Germany,Spain
City reshored to:Gloucester County
State(s) reshored to:NJ
If relevant, work nearshored to:-
Industry(ies):Machinery
Product(s) reshoredwind turbines
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Raw Materials Cost, U.S. price of natural gas/chemicals/electricity
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